NSE
16 Feb 18 | 12:00 AM

It affirmed ratings of nine banks, including Bank of India, Punjab National Bank and Axis Bank, at Baa3/Prime-3. Other banks whose rating was affirmed were Bank of Baroda, Canara Bank, Oriental Bank of Commerce, Syndicate Bank, Union Bank of India and

The Nifty PSU Bank index lost nearly 2% on Monday on reports that the government is considering farm loan waiver in Maharashtra, fuelling concerns that the step will put additional burden on banks that are already grappling with a high level of

Net loss of Indian Overseas Bank (IOB) has widended to Rs 765.13 crore for the quarter ended September 30, 2016, as compared to a net loss of Rs 550.83 crore during the same quarter of last financial year.

The Securities and Exchange Board of India (Sebi) has granted exemption to Indian Overseas Bank (IOB) from a regulation under the Takeover Regulations, in order to issue 55,57,14,797 equity shares through preferential allotment to the Government of India

Indian Overseas Bank will be conducting an Extraordinary General Meeting (EGM) of shareholders of the Bank on September 15 to issue equity shares to the Government of India to raise Rs 1,551 crore, as part of Centre's plans to infuse funds into the public

The Central Bureau of Investigation (CBI) on Wednesday claimed to have busted a racket of Indian Overseas Bank officials and businessmen who allegedly managed to siphon off Rs 321 crore of public money to a Hong Kong-based company using fake guarantee

State-run Indian Overseas Bank, which has the highest bad loan ratio among the nation's lenders, reported on Tuesday a first-quarter net loss of Rs 1,451 crore ($217 million) with a further rise in its sour assets.

Reeling under the stress of high NPA, Indian Overseas Bank (IOB) is on a recovery mode. The bank has said that Rs 794 crore was recovered in small value NPA accounts and Rs 301 crore from accounts of over Rs 10 lakh and up to Rs 1 crore.

Indian Overseas Bank has dipped 16% to Rs 29.55, also its 52-week low on the BSE, after the state-owned bank reported a net loss of Rs 551 crore for the quarter ended September, 2015 (Q2) against a net loss of Rs 246 crore a year ago.